
Core Viewpoint - A significant restructuring of intelligent driving (智驾) operations is taking place within Geely, consolidating various teams and companies under a unified entity to enhance efficiency and competitiveness in the automotive market [5][16]. Group 1: Restructuring Details - Geely is merging its intelligent driving teams, including those from Zeekr, Geely Research Institute, and the intelligent driving brand "Mai Chi Zhi Xing" under the newly formed Chongqing Qianli Intelligent Driving [5][6]. - The newly established Chongqing Qianli Intelligent Driving will have a workforce of nearly 3,000, combining approximately 1,500 from Zeekr, 1,000 from Geely Research Institute, and 500 from Mai Chi Zhi Xing [7][10]. - The integration aims to create a single intelligent driving team, with a focus on streamlining operations and reducing redundancy across previously separate teams [7][10]. Group 2: Strategic Goals - Geely's overarching strategy, termed "One Geely," is designed to accelerate the company's growth towards a target of 5 million annual vehicle sales by 2027, with a specific goal of 2.71 million units in 2025, representing a 25% year-on-year increase [16][17]. - The company aims for its new energy vehicle sales to reach 1.5 million units by 2025, achieving a penetration rate of over 55% in this segment [16][17]. - Geely's restructuring is part of a broader shift from strategic expansion to strategic integration, focusing on clarifying brand positioning and improving resource utilization [16][17]. Group 3: Industry Context - The intelligent driving industry is experiencing a shift in business models, with a convergence of technology routes driven by competitive pressures and cost considerations [16]. - The integration of internal and external resources in intelligent driving is seen as essential for Geely to remain competitive in a rapidly evolving market [16][17]. - The restructuring reflects a response to the changing landscape of the automotive industry, where companies must adapt to survive and thrive amid increasing competition [16][17].